CNBC-TV18 Consulting Editor Udayan Mukherjee explains how the market may play out in different scenarios like the formation of a coalition government or BJP coming back to power with a majority.

The seventh and final phase of the voting exercise to select the 17th Lok Sabha will conclude on May 19. Exit polls will be released on the very same day after polling stops and the counting day is scheduled to take place on May 23.

CNBC-TV18 Consulting Editor Udayan Mukherjee explains how the market may play out in different scenarios like the formation of a coalition government or BJP coming back to power with a majority.

The 500 point fall in Nifty means that the market has priced in the possibility of an NDA government but without a complete majority for the BJP, he said.